Royal Bank Of Canada Reiterates “Buy” Rating for Amazon.com (NASDAQ:AMZN)

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reissued by Royal Bank Of Canada in a note issued to investors on Tuesday,MarketScreener reports.

Several other research firms also recently commented on AMZN. Canaccord Genuity Group increased their target price on shares of Amazon.com from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Monness Crespi & Hardt boosted their price target on Amazon.com from $280.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. TD Cowen reissued a “buy” rating and set a $350.00 price objective on shares of Amazon.com in a report on Tuesday, May 12th. Benchmark raised their price objective on Amazon.com from $275.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, UBS Group set a $315.00 target price on Amazon.com in a report on Monday, June 1st. Fifty-seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $312.78.

Amazon.com Stock Up 0.3%

AMZN stock traded up $0.80 during trading hours on Tuesday, hitting $246.82. The company’s stock had a trading volume of 6,365,773 shares, compared to its average volume of 47,603,871. The stock has a 50 day moving average price of $254.21 and a two-hundred day moving average price of $233.79. Amazon.com has a 12 month low of $196.00 and a 12 month high of $278.56. The company has a market capitalization of $2.66 trillion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 1.79 and a beta of 1.45. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $1.15. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The business had revenue of $181.52 billion for the quarter, compared to the consensus estimate of $177.28 billion. During the same quarter last year, the firm earned $1.59 EPS. Amazon.com’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, equities research analysts expect that Amazon.com will post 7.71 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 31,352 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $275.00, for a total transaction of $8,621,800.00. Following the completion of the sale, the chief executive officer owned 2,175,766 shares in the company, valued at $598,335,650. This represents a 1.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $275.00, for a total value of $7,562,500.00. Following the completion of the sale, the chief executive officer directly owned 471,361 shares in the company, valued at $129,624,275. This trade represents a 5.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 195,774 shares of company stock worth $51,614,434 over the last quarter. 8.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amazon.com

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Amazon.com during the fourth quarter valued at about $32,868,735,000. Auto Owners Insurance Co increased its stake in Amazon.com by 27,376.7% during the fourth quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant’s stock valued at $2,272,397,000 after acquiring an additional 98,090,585 shares during the period. J. Stern & Co. LLP increased its stake in Amazon.com by 20,598.0% during the fourth quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant’s stock valued at $20,308,193,000 after acquiring an additional 87,557,736 shares during the period. Nuveen LLC acquired a new position in Amazon.com in the 1st quarter valued at approximately $11,674,091,000. Finally, Cardano Risk Management B.V. raised its holdings in Amazon.com by 879.4% in the 4th quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant’s stock valued at $6,431,199,000 after acquiring an additional 25,017,588 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Key Amazon.com News

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Amazon announced a multibillion-dollar data center campus in Missouri, reinforcing its AI infrastructure buildout and supporting AWS growth expectations.
• Positive Sentiment: Wall Street commentary continues to call AMZN a Strong Buy with about 34% implied upside, signaling ongoing analyst confidence.
• Positive Sentiment: Amazon’s custom-chip and cloud investments, including Graviton5 and broader AWS expansion, are being seen as margin- and moat-enhancing.
• Neutral Sentiment: SpaceX’s soaring valuation is drawing fresh attention to Amazon’s Project Leo satellite broadband business, adding longer-term optionality but not near-term earnings impact. Article Title
• Neutral Sentiment: Amazon’s role in prompting U.S. restrictions on Anthropic’s AI models highlights its influence in AI safety, though the direct financial impact is unclear. Article Title
• Negative Sentiment: Some investors remain focused on Amazon’s heavy AI capex and valuation, which can weigh on the stock despite strong fundamentals.

Amazon.com Company Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.